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. >> so what is your answer to what mitch mcconnel said? go after rich people. why do it at all? >> it is good to be with you. i think that the minority leader seems to have a math problem. ending the tax cuts for the rich is worth $1 trillion. i think our government spends a little less than $1 trillion. most people think it is $800 billion. this is a ten-year number. you are $80 billion a year. and this is a outside reach. a lot of guys like myself think you are not going to get it. let me ask you this, david, we have a weak economy, i know jobs are growing but they are growing weekly. what sense does it make to raise taxes on anybody when you have such a weak economy. from a economic, not ideal logical stand n point, what sense does it make? >> well, you know larlarry, the labor movement thinks that jobs are the number one agenda here, as you well know, we have had this conversation about your need to do something to get our finances in better shape, the way to do that with the least amount of damage to our economy, is to end the bush tax cuts for the wealthy for those making
. >> so what is your answer to what mitch mcconnel said? go after rich people. why do it at all? >> it is good to be with you. i think that the minority leader seems to have a math problem. ending the tax cuts for the rich is worth $1 trillion. i think our government spends a little less than $1 trillion. most people think it is $800 billion. this is a ten-year number. you are $80 billion a year. and this is a outside reach. a lot of guys like myself think you are not going to get...
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Nov 14, 2012
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do what's in mitch mcconnell's best interest. he's made this calculation that adhering to a fairly hard line is going to guarantee he doesn't face a primary. the disingenuous thing about the republican argument right now, this whole thing about rates is unfortunate because you cannot do what they say they want to do, which is deal with the tax code and deductions, without impacting the middle class. because any time you touch a deduction, whether it's home mortgage deduction or even capital gains or whatever, you're talking about middle classes being impacted along with wealthier americans. so, this is all phoney. we've got to do something with the rates. the president is absolutely right to hold to his line. the american people are on board. and i think eventually the republicans will fall in line. >> i know that you head up the bourbon caucus, a most excellent caucus, if everyone there was one. you invited republican massy ey with you. could you not invite mcconnell and introduce him to working with as opposed to this president
do what's in mitch mcconnell's best interest. he's made this calculation that adhering to a fairly hard line is going to guarantee he doesn't face a primary. the disingenuous thing about the republican argument right now, this whole thing about rates is unfortunate because you cannot do what they say they want to do, which is deal with the tax code and deductions, without impacting the middle class. because any time you touch a deduction, whether it's home mortgage deduction or even capital...
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Nov 14, 2012
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the key here is mitch mcconnell in the senate. he's up for re-election in 2014. he is the key. both for president obama and for the house majority leader boehner. mitch mcconnell at least in public he tendses to look at president obama like a hitchhiker with pets or something. he doesn't want anything to do with him. if he continues to hold it, his first statement election night after president obama won, to say the least not very generous. >> not quite bipartisan. >> if mcconnell holds to that line, then big trouble for the obama agenda and for what boehner and others hoped to accomplish and big trouble for the country. some things you feel congress is so out of touch, i don't know how they could be after this election but, you know, there's out of date as these belt and slacks men used to wear. >> the metaphors are beautiful. >> belts and slacks. >> i love it. >> but i actually think there is a lot of truth there, which is they have the lowest approval rating historically. the obstructionism i don't think you can play it again for another two years. >> i think this is one whe
the key here is mitch mcconnell in the senate. he's up for re-election in 2014. he is the key. both for president obama and for the house majority leader boehner. mitch mcconnell at least in public he tendses to look at president obama like a hitchhiker with pets or something. he doesn't want anything to do with him. if he continues to hold it, his first statement election night after president obama won, to say the least not very generous. >> not quite bipartisan. >> if mcconnell...
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whether mitch mcconnell and more adult members of the members the of the senator can put pressure on the house. if they can't change these fundamental dynamics we're headed in the same direction. >> i think mitch mcconnell is the problem because he's headed for re-election. but i think one of the interesting things that boehner said, is this your moment now, mr. president, now leave. that's both the reality and a little bit of trying to pass the buck. but it's the truth. it is going to be up to the president to go into the negotiations and to lead, and continue to listen and find areas where compromise can be built. it is on his shoulders. >> he has to lead publicly as well. >> yes. >> to sell it? >> he has to sell it. you know, there are a couple -- there aren't a lot of republicans i think that play in regards to public pressure, but there are a few. and the president's going to have to work hard, find points of pressure on those people. >> and willing to absorb some blows. >> remember when he ran against hillary clinton and beat her. hillary clinton had a great idea, self-reliance
whether mitch mcconnell and more adult members of the members the of the senator can put pressure on the house. if they can't change these fundamental dynamics we're headed in the same direction. >> i think mitch mcconnell is the problem because he's headed for re-election. but i think one of the interesting things that boehner said, is this your moment now, mr. president, now leave. that's both the reality and a little bit of trying to pass the buck. but it's the truth. it is going to be...
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Nov 13, 2012
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does she have enough influence when you counter mitch mcconnell and others? does he have enough influence to bring in others in the party who agree? >> yes. i definitely think he does. he's considered a player. he brings to the table a very, very big demographic, which is his father's list. and that's a pretty powerful thing. and what you're going to have to watch for here is the mitch mcconnells of the world, he's somebody who is going to want to may play a little bit on immigration. he faces a primary challenge. so what you're going to see is some of these guys who maybe want to soften on immigration, getting some cover from some of the other guys who will get out there in front to try to protect them so they can win their next electio elections. >> you wrote about rank and file immigration reform yesterday. it caught my eye. it is interesting from the leaders of the party who are on the radio and television meaning like a sean hannity to actual elected officials within the gop who seem they want to speed up the process in hopes of two years from now having
does she have enough influence when you counter mitch mcconnell and others? does he have enough influence to bring in others in the party who agree? >> yes. i definitely think he does. he's considered a player. he brings to the table a very, very big demographic, which is his father's list. and that's a pretty powerful thing. and what you're going to have to watch for here is the mitch mcconnells of the world, he's somebody who is going to want to may play a little bit on immigration. he...
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Nov 9, 2012
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mcconnell and democratic leaders in congress next week here at the white house. >> john, thank you very much. we'll have more throughout the rest of the day. >>> we do hear this new bond flick "sky fall" is a really big deal. >>> but first, adjusted for inflation. what is the highest grossing bond flick of all time? 1965's "thunderball" starring sean connery. there you go. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 trade at charles schwab for $8.95 a trade. tdd#: 1-800-345-2550 open an account and trade up to tdd#: 1-800-345-2550 6 months commission-free online equity trading tdd#: 1-800-345-2550 with a $50,000
mcconnell and democratic leaders in congress next week here at the white house. >> john, thank you very much. we'll have more throughout the rest of the day. >>> we do hear this new bond flick "sky fall" is a really big deal. >>> but first, adjusted for inflation. what is the highest grossing bond flick of all time? 1965's "thunderball" starring sean connery. there you go. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#:...
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Nov 15, 2012
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. >> mitch mcconnell has been the guy out there saying it, and all republicans are not willing to have any new tax increases. >> that's not true. there's a difference between raising revenues and raising taxes. >> no, i said tax increases, though. tell me, am i wrong about that, steve? >> no, you are wrong. >> when did he say differently? >> look, i interviewed him this week. he said it many times. he said it on the senate floor. we're willing to compromise on raising taxes. that's something that a lot of republicans aren't real happy with, but he said look, i'm willing to put revenues on the table. but what he's saying, keith, let's be very clear. >> you're saying revenue. i'm saying tax increases. >> right. >> the bush tax rates -- no, i'm talking about bush tax rates. they expire on december 31st contin. >> that's what republicans won't agree to. the answer is no, we're not going to let those rates go up because it's going to do significant damage to the economy. >> like it did during the clinton administration when they created 20 million jobs. >> you're only growing at 2%. you don
. >> mitch mcconnell has been the guy out there saying it, and all republicans are not willing to have any new tax increases. >> that's not true. there's a difference between raising revenues and raising taxes. >> no, i said tax increases, though. tell me, am i wrong about that, steve? >> no, you are wrong. >> when did he say differently? >> look, i interviewed him this week. he said it many times. he said it on the senate floor. we're willing to compromise...
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and you know, mitch mcconnell will have been here 30 years. he hasn't really had a new idea in 20 of those 30 years. >> ouch. >> and kentucky needs a new -- i go way back with mitch. we go this way all the time. but, kentucky does need a new vision. we've relied too much on things like coal and agriculture and some other things that are great parts of our economy, but our commonwealth needs new vision and that can come from someone like ashley judd, who is passionate, who studied the issues, and is very, very smart. and she would get attention. >> i'm sure. >> i think it's exciting. >> definitely she'll get attention that's for sure. i'm sure from this network and everybody else. many thanks for joining us. >> okay, alex, thank you. >>> straight ahead, why is florida still counting? gether, and these come together, one thing you can depend on is that these will come together. delicious and wholesome. some combinations were just meant to be. tomato soup from campbell's. it's amazing what soup can do. ♪ ♪ ♪ [ male announcer ] don't just re
and you know, mitch mcconnell will have been here 30 years. he hasn't really had a new idea in 20 of those 30 years. >> ouch. >> and kentucky needs a new -- i go way back with mitch. we go this way all the time. but, kentucky does need a new vision. we've relied too much on things like coal and agriculture and some other things that are great parts of our economy, but our commonwealth needs new vision and that can come from someone like ashley judd, who is passionate, who studied...
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Nov 14, 2012
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. >> congresswoman, as we see with nancy pelosi willing to stay put, mitch mcconnell staying put. harry reid and john boehner staying put. the president back in, what people would expect musical chairs. none will happen. it's the same people in the same positions and yesterday senate majority leader mitch mcconnell took to the floor and said they won't compromise. we had that interview with paul ryan with abc's jonathan karl saying it's not a mandate. they have a divided government so they'll continue with back and forth of head butting and the taxes should not be raised on wealthiest americans. are we headed just for the same old same old once again? >> i don't think so. first of all we are very pleased about nancy pelosi remaining as leader. she's done an extraordinary job in helping to increase our numbers here on the democratic side, in raising the money that was necessary for us to strengthen our hand here in the house and so she has done such a good job that we urged her to please stay on and that experience really does count. let me just say this, there is some posturing go
. >> congresswoman, as we see with nancy pelosi willing to stay put, mitch mcconnell staying put. harry reid and john boehner staying put. the president back in, what people would expect musical chairs. none will happen. it's the same people in the same positions and yesterday senate majority leader mitch mcconnell took to the floor and said they won't compromise. we had that interview with paul ryan with abc's jonathan karl saying it's not a mandate. they have a divided government so...
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Nov 10, 2012
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mcconnell and some of the more adult members of the republicans in the senate can put pressure on the house. if they can't change those fundamental dynamics, we're heading in the same direction. >> i think mitch mcconnell is a problem because he's up for re-election and he's worried about getting a challenge from the tea party right. mr. boehner said this is your moment, mr. president, now lead. that's an acknowledgment of reality and a bit of a trying to pass the buck, but it's the truth. it is going to be up to the president to go into those negotiations and to lead and to continue to listen and find areas where compromise can be built. >> but he has to lead -- >> let me help you out. >> he has to lead publicly as well because the election -- >> sell. >> he has to sell it. there aren't a lot of republicans i think at play from -- in regards to public pressure, but there are a few, and the president is going to have to work hard to find points of pressure on those people -- >> let's try -- >> they have to be willing to absorb some blows. >> remember how he ran against hillary clinton
mcconnell and some of the more adult members of the republicans in the senate can put pressure on the house. if they can't change those fundamental dynamics, we're heading in the same direction. >> i think mitch mcconnell is a problem because he's up for re-election and he's worried about getting a challenge from the tea party right. mr. boehner said this is your moment, mr. president, now lead. that's an acknowledgment of reality and a bit of a trying to pass the buck, but it's the...
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"senate republican leader mitch mcconnell said that gop lawmakers will wait for mitt romney to take the lead on immigration policy. most members are interested in what romney has to say about this issue and we're going to withhold judgment until that tim time." mr. romney was not just the de facto leader of the republican party. he was the stated leader of the republican party. now that he's lost the presidency, nobody thinks he's going to continue to play the leader of the republican party. mr. romney is likely to move to la jolla, california, to spend more time with his car elevator. but in his short time as leader of the republican party, when he was their presidential nominee, he made leadership decisions about the party. about what the party looks like to the rest of the country. he made leadership decisions particularly in terms of who he would dignify with his embrace. who among everybody in the republican party he, mitt romney, leader of the party would privilege. who he would elevate. he elevated the republican guy who wrote arizona's papers please immigration legal cause. he w
"senate republican leader mitch mcconnell said that gop lawmakers will wait for mitt romney to take the lead on immigration policy. most members are interested in what romney has to say about this issue and we're going to withhold judgment until that tim time." mr. romney was not just the de facto leader of the republican party. he was the stated leader of the republican party. now that he's lost the presidency, nobody thinks he's going to continue to play the leader of the republican...
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today mitch mcconnell did not signal, a big surprise, he was ready to compromise. the tree stump ain't moving. let's listen. >> the time for the president to lead is now, and that means offering a concrete plan that takes into account the fact that half the congress opposes tax hikes. not because we're selfish, not because we're stubborn, but we know it is the wrong thing to do. we know it will hurt the economy, and we know it will destroy jobs. >> you know, the nonsense behind that, guys, is that if you go by who we elect to congress deciding our national policy, then by that standard heidi heitkamp winning in north dakota means north dakota is a liberal state, and tester winning in montana means that's a democratic state or that mccaskill winning missouri -- no, that's not how we vote. we vote nationally for the president, and we have an electoral college to decide it. let me go back to dennis. give us your sense, the nea is filled with very lit rat, very smart people with tremendous understandings of the public policy. what does your rank and file like to see ge
today mitch mcconnell did not signal, a big surprise, he was ready to compromise. the tree stump ain't moving. let's listen. >> the time for the president to lead is now, and that means offering a concrete plan that takes into account the fact that half the congress opposes tax hikes. not because we're selfish, not because we're stubborn, but we know it is the wrong thing to do. we know it will hurt the economy, and we know it will destroy jobs. >> you know, the nonsense behind...
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>> i guess -- you always ask that question, except to mitch mcconnell. >> excuse me, you, mr. hoyer, mr. clyburn, you're all over 70. is it going to prohibit younger leadership from moving forward. >> so you're suggesting that everybody step aside? >> i'm simply saying, does this -- >> i think that what you will see, and let's, for a moment, honor it as a legitimate question. although it's quite offensive. but you don't realize that, i guess. the fact is, the fact is, is that everything that i have done in my almost decade of leadership is to elect younger and newer people to the congress. in my own personal experience, it was very important for me to elect young women. i came to congress when my youngest child, alexandra, was a senior in high school, practically on her way to college. i knew that my male colleagues had come when they were 30. they had a jump on me, because they didn't have to -- i did what i wanted to do. i was blessed to have that opportunity, to sequentially raise my family and then come to congress. but i wanted women to be here in greater numbers at an ea
>> i guess -- you always ask that question, except to mitch mcconnell. >> excuse me, you, mr. hoyer, mr. clyburn, you're all over 70. is it going to prohibit younger leadership from moving forward. >> so you're suggesting that everybody step aside? >> i'm simply saying, does this -- >> i think that what you will see, and let's, for a moment, honor it as a legitimate question. although it's quite offensive. but you don't realize that, i guess. the fact is, the fact...
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mitch mcconnell doesn't recognize those groups. keep going. >> no, he doesn't, and that's fine for him for now but we're going to make him recognize us if he doesn't get back in line. they're completely out of touch with the country they're living in. i will just say it, the bottom line is we have to be the ones who hold them accountable. we have to be the ones who say you can't ignore the results of tuesday. >> joy, someone no less than the nobel laureate paul krugman has suggested to the president that don't even bother to the negotiate with them. go to the fiscal cliff and fall off. it. >> i think it's given a lot of the beltway media i have to say and a lot of people on wall street this excuse to make it sound like on january 1st, the world would literally end. what would happen is number one, negotiations would begin immediately to restore the middle class parts of the tax cut and there would be sort of a slow but, you know, it could be potentially serious if it went on too long but i doubt it would go on very long. once you h
mitch mcconnell doesn't recognize those groups. keep going. >> no, he doesn't, and that's fine for him for now but we're going to make him recognize us if he doesn't get back in line. they're completely out of touch with the country they're living in. i will just say it, the bottom line is we have to be the ones who hold them accountable. we have to be the ones who say you can't ignore the results of tuesday. >> joy, someone no less than the nobel laureate paul krugman has suggested...
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i think boehner and mitch mcconnell will say no increase in tax rate, 35% is it. i think the president will concede on that point. i think bainer and mcconnell will then accept the idea of cutting culling or capping the deductions each individual and the higher brackets can take, set a top limit on the deductions they can take and that will increase the revenue flow into the federal government. at the same time, the two congressmen, republicans, preserve the rates argument. they won't make all of their folks happy, but i think that's the deal in the works. >> greta: a couple of problems. number 1 is, the fact that -- today at least, i am always stunned when -- with the exception of senator tom coburn, i barely hear anyone talking about the tremendous amount of waste and fraud. we put up the example of the guy in the bathtub with the wine glass, which is a tiny, tiny bit, but it's representative of the mind-set here. no waste and frawpd fraud. they won't raise the tax rates, but when you do put caps on deductions, you are raising the effective rate. i mean, i guess
i think boehner and mitch mcconnell will say no increase in tax rate, 35% is it. i think the president will concede on that point. i think bainer and mcconnell will then accept the idea of cutting culling or capping the deductions each individual and the higher brackets can take, set a top limit on the deductions they can take and that will increase the revenue flow into the federal government. at the same time, the two congressmen, republicans, preserve the rates argument. they won't make all...
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mcconnell from the senate there. as we heard in the last statements, the last two people to take the microphones, nancy pelosi talking about her optimism and confidence out of the meeting today but most importantly there mitch mcconnell bringing up the fact that revenue is on the table and that these were constructive talks. however, bringing up the point that they need to take on entitlement programs and look at those just as fiercely as well as they're looking at tax revenue. we're back with much more right after this. oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. some people put everything intotheir name on the door, and their heart into their community. small business saturday is a day to show our support. a day to shop at stores owned by o
mcconnell from the senate there. as we heard in the last statements, the last two people to take the microphones, nancy pelosi talking about her optimism and confidence out of the meeting today but most importantly there mitch mcconnell bringing up the fact that revenue is on the table and that these were constructive talks. however, bringing up the point that they need to take on entitlement programs and look at those just as fiercely as well as they're looking at tax revenue. we're back with...
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john boehner, mitch mcconnell saying they want the bush tax cuts for everyone. joe, will they have to bend on that? isn't that really the issue? will they bend on the republican side? >> the republicans are going to have to bend. we have to get this done. we've only got 46 days before the -- before we would fall off this fiscal cliff and to fall off the cliff would mean 3.9% hit for gdp next year. we can't afford that because that would potentially throw us into another recession. we want to avoid that at all costs. the big issue i think for most people would be taxes. most people -- and governor rendell said, well, it's not just a matter of tax increases on the wealthiest americans but it's a host of spending challenges that we face across the board that would impact millions of people and certainly impact us in a huge way. i think republicans have to bend. republicans are going to be looking at of course cuts in spending and cuts in entitlements as well as the possibility of new revenue and i think they're very open to this. i think some republicans will push
john boehner, mitch mcconnell saying they want the bush tax cuts for everyone. joe, will they have to bend on that? isn't that really the issue? will they bend on the republican side? >> the republicans are going to have to bend. we have to get this done. we've only got 46 days before the -- before we would fall off this fiscal cliff and to fall off the cliff would mean 3.9% hit for gdp next year. we can't afford that because that would potentially throw us into another recession. we want...
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Nov 12, 2012
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it looks to me like mitch mcconnell has wanted to be majority leader since the senate race, ever since then he wanted to be majority leader. now he may never be. things do not look that much better for the republicans two years from now than they do now. he will also face a primary in two years. >> he may or may not. back in 2010 there was a contested primary in kentucky. that caused a bit of a problem for him. people were upset with him. but he has done a lot of work to hug rand paul so close to him and he let him do about whatever he wants to do on the senate floor. when he says i want to go to the floor and cause a big stink about something, mitch mcconnell says go right ahead. he is such a talented politician. he is so smart. in my opinion i think he has done everything he can do to prevent someone -- even if someone wanted to challenge him from the right he has done as much as he can do to keep them at bay. >> of course the other aspect of leadership transition in congress will be changes on the committees. your handy guy will offer lots of details. we should devote some of it to
it looks to me like mitch mcconnell has wanted to be majority leader since the senate race, ever since then he wanted to be majority leader. now he may never be. things do not look that much better for the republicans two years from now than they do now. he will also face a primary in two years. >> he may or may not. back in 2010 there was a contested primary in kentucky. that caused a bit of a problem for him. people were upset with him. but he has done a lot of work to hug rand paul so...
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mcconnell and some of the more adult members of the republicans in the senate can put pressure on the house. if they can't change those fundamental dynamics, we're heading in the same direction. >> i think mitch mcconnell is a problem because he's up for re-election and he's worried about getting a challenge from the tea party right. mr. boehner said this is your moment, mr. president, now lead. that's an acknowledgment of reality and a bit of a trying to pass the buck, but it's the truth. it is going to be up to the president to go into those negotiations and to lead and to continue to listen and find areas where compromise can be built. >> but he has to lead -- >> let me help you out. >> he has to lead publicly as well because the election -- >> sell. >> he has to sell it. there aren't a lot of republicans i think at play from -- in regards to public pressure, but there are a few, and the president is going to have to work hard to find points of pressure on those people -- >> let's try -- >> they have to be willing to absorb some blows. >> remember how he ran against hillary clinton
mcconnell and some of the more adult members of the republicans in the senate can put pressure on the house. if they can't change those fundamental dynamics, we're heading in the same direction. >> i think mitch mcconnell is a problem because he's up for re-election and he's worried about getting a challenge from the tea party right. mr. boehner said this is your moment, mr. president, now lead. that's an acknowledgment of reality and a bit of a trying to pass the buck, but it's the...
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gop senate majority leader mitch mcconnell sat down with the three new republicans in the senate. they were expecting a big wave. maybe even a new majority in the senate. instead, it was the democrats, the party of obama, that gained seats. so, why do republicans think they lost? here's what paul ryan's attempt at answering that was. >> i think the surprise was some of the turnout. some of the turnout especially in urban areas, which definitely gave president obama the big margin to win this race. >> urban areas? the president won because of urban areas. sure, turnout was a factor. but sadly paul ryan can't see was so much more to why the republican party failed. one week ago tonight. joining me is congressman barney frank, democrat from massachusetts, ranking and former chairman of the financial services committee. mr. chairman, thank you for joining me. >> thank you, al. >> given the election loss, do you think the republicans will be more open to compromising with the president and the democrats on taxes? let's start there. >> some will. this is going to be a struggle. there ar
gop senate majority leader mitch mcconnell sat down with the three new republicans in the senate. they were expecting a big wave. maybe even a new majority in the senate. instead, it was the democrats, the party of obama, that gained seats. so, why do republicans think they lost? here's what paul ryan's attempt at answering that was. >> i think the surprise was some of the turnout. some of the turnout especially in urban areas, which definitely gave president obama the big margin to win...
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Nov 12, 2012
11/12
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FOXNEWS
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what about nancy pelosi, harry reid, mitch mcconnell? in 2011 it was basically boehner and obama, this time there might be a few more lawmakers who want in on this deal. jenna: the president's going to be sitting down with leaders later on this week. let's talk about style versus substance, something we talked about a lot with the election. i was reading comments from the ceo of at&t today, also the senior economist from bank of america who say, listen, if they'd reach an agreement, great. but if between now and then and the disagreements look really big and bad, that's going to damage this economy because it just shatters any consumer confidence going into the holiday season. >> yes. jenna: so, ultimately, they could find a solution, but damage will already be done. what dueck about that, bob? what do you think about the style to all this as well? >> that's why -- and i agree with that, they're going to need a deal by mid december because it's going to shatter consumer confidence, and the stock market's going to play a big role here. we
what about nancy pelosi, harry reid, mitch mcconnell? in 2011 it was basically boehner and obama, this time there might be a few more lawmakers who want in on this deal. jenna: the president's going to be sitting down with leaders later on this week. let's talk about style versus substance, something we talked about a lot with the election. i was reading comments from the ceo of at&t today, also the senior economist from bank of america who say, listen, if they'd reach an agreement, great....
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Nov 16, 2012
11/12
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CNN
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today, the rhetoric was ratcheted up another notch as mitch mcconnell slammed the president's plan. to raise 1.6 trillion in tax increases over the next ten years. >> an opening bid of $1.6 trillion in new taxes just isn't serious. it's more than simpson bowles or more than any other commission has called for. it's twice as much as the white house seemed ready to agree to during last summer's debt ceiling talks. a joke. >> dick durbin joins me now. good to see you. it's a joke. what do you think? >>. >> i think senator mcconnell needs to take another look at the report. i severed on that commission. a reduction of $4 trillion came from revenue. it was in the range of $1.6 trillion. >> you talk about 1.6 trillion. there's ways to get there in ways that don't necessarily raise tax rates. you could cap deductions at $35,000 and have the estate tax go back to where it was and get $1.3 million. i'm simply making the point there's a loft ways to get there that don't involve raising tax rates. is that a compromise you'd ever consider? >> you're right, but i think what the president's tryin
today, the rhetoric was ratcheted up another notch as mitch mcconnell slammed the president's plan. to raise 1.6 trillion in tax increases over the next ten years. >> an opening bid of $1.6 trillion in new taxes just isn't serious. it's more than simpson bowles or more than any other commission has called for. it's twice as much as the white house seemed ready to agree to during last summer's debt ceiling talks. a joke. >> dick durbin joins me now. good to see you. it's a joke. what...